Americans for Financial Reform wrote to the Securities and Exchange Commission (SEC), calling on them to vigorously investigate what appear to be ongoing, widespread violations of securities law by private equity advisers.

The letter applauds one recent enforcement action, the first-ever enforcement case against a private equity adviser for broker-dealer violations, but also expresses concern that such violations continue at many U.S. buyout firms, and that unregistered broker-dealer activity directly harms investors.

You can view or download the complete letter here, and the attachments are here: